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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Techie who wrote (18145)	9/24/1998 1:13:00 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 164684

So.....let's say he lowers rates.....does he stop the bear ?? Joel

To: Techie who wrote (18145)	9/24/1998 3:01:00 AM
From: craig crawford	Read Replies (4) \| Respond to of 164684

I don't know why people give these complete IDIOTS $7 billion to play with. This is what happens at the top of bull markets, massive overuse of leverage. When that leverage starts to unwind, it starts with a little leak in the boat. You try to plug up the holes with your fingers but eventually you run out of fingers and the whole system collapses from the tsunami of margin calls. Eventually lenders who extend credit panic and start calling those loans in. Long-Term Capital...total idiots. The suckers are the people who continue to give them money to play with. I would let them fail. Liquidate the bozos. Flush them out of the system. Giving these incompetent morons money to help fight billions in margin calls just gives them and others a license for rogue trading. I mean, if LT Capital can piss billions down the drain and the Fed plus some large financial institutions will bail them out, every other large hedge fund might as well ante up the leverage with derivatives. People will bail us out too, right? A license to do what we please? Got to keep up with the averages, otherwise we won't be able to buy that fith vacation home. Sure, this is the good old U.S., we bail out the world. We send millions to the President's defense fund to bail out that lying bastard too. P.S. I consider AMZN a shining example. Let's leverage up the balance sheet to buiild a brand name. Forget profits, our stock goes up the more money we lose. How long did it take for Coca Cola to build their brand name? Did they need to lose 10's of millions for years before they started making money? Was it Disney's goal to lose 10's of millions for years while they built their brand? Selling at 17 times revenues? How about INTC? Pretty big brand name there. Did they sell for 17 times revenues while they were building their brand name?